Standards of Conduct Committee – Disaster

Do the SBA’s Standards of Conduct Committee (SCC) regulations for SBA Assistance apply during a disaster?

No. The SCC has authorized blanket approval to such entities for PPP applications.

Below is the official question from Q26 as of May 14, 2020

26. Question: SBA regulations require approval by SBA’s Standards of Conduct Committee (SCC) for SBA Assistance, other than disaster assistance, to an entity, if its sole proprietor, partner, officer, director, or stockholder with a 10 percent or more interest is: a current SBA employee; a Member of Congress; an appointed official or employee of the legislative or judicial branch; a member or employee of an SBA Advisory Council or SCORE volunteer; or a household member of any of the preceding individuals. Do these entities need the approval of the SCC in order to be eligible for a PPP loan?

Below is the official answer from Q26 as of May 14, 2020

Answer: The SCC has authorized a blanket approval for PPP loans to such entities so that further action by the SCC is not necessary in the PPP program.

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